M&A Deal Summary

EDR Acquires ExactBid

On October 1, 2018, EDR acquired software company ExactBid from Spectrum Equity

Acquisition Highlights
  • This is EDR’s 1st transaction in the Software sector.
  • This is EDR’s 1st transaction in the United States.
  • This is EDR’s 1st transaction in California.

M&A Deal Summary

Date 2018-10-01
Target ExactBid
Sector Software
Buyer(s) EDR
Sellers(s) Spectrum Equity
Deal Type Add-on Acquisition

Target

ExactBid

San Jose, California, United States
ExactBid is a manufacturer of software for the commercial real estate sector, according to sources close to the matter. ExactBid was formed in 1998 and is based in San Jose, California.

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Buyer(S) 1

Buyer

EDR

Shelton, Connecticut, United States

Category Company
Founded 1990
Sector Information Services
DESCRIPTION

EDR is a provider of real estate data and software-asa-service. The company’s solutions enable clients including environmental consultants and engineers, appraisers, and lenders to manage real estate due diligence processes efficiently and effectively.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

Spectrum Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 8.2B USD
Size Mega
Type Sector Focused
DESCRIPTION

Spectrum Equity Management L.P. is a private equity investor focused on service businesses. Spectrum specifically targets established businesses in the media, communications, IT, information, and business services industries. The Firm looks to commit $25 to $150 million of equity capital per transaction and focuses on opportunities throughout North America and Western Europe. Prospective transaction situations include leveraged buyouts, recapitalizations, acquisition financings, and secondary purchases. Spectrum Equity Investors was formed in 1994 and has offices in Boston, Massachusetts and Menlo Park, California.


DEAL STATS #
Overall 54 of 77
Sector: Software M&A 8 of 13
Type: Add-on Acquisition M&A Deals 33 of 46
State: California M&A 9 of 11
Country: United States M&A 49 of 68
Year: 2018 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-26 SurveyMonkey

San Mateo, California, United States

SurveyMonkey specializes in online surveys and forms that empowers people with the insights they need to make decisions with speed and confidence. SurveyMonkey's intuitive feedback management platform connects millions of users worldwide with real-time AI-powered insights that drive meaningful decisions. SurveyMonkey was founded in 1999 and is based in Palo Alto, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-12 AllTrails

San Francisco, California, United States

AllTrails is a digital guide to the outdoors. AllTrails helps people explore the outdoors with the largest collection of detailed, hand-curated trail maps as well as trail reviews and photos crowdsourced from its community of over 9 million hikers, mountain bikers, and trail runners. AllTrails was founded in 2010 and is based in San Francisco, California.

Buy -